Jed Matricaria Acquires Irvington Multifamily For $4.2M
659 Chancellor Avenue, Irvington, New Jersey 07112, United States
$4,200,000
$163/SF
Building Size
25,750 SF
Asset Type
MultiFamily
Closing
May 31, 2022
AI
A multifamily property located at 659 Chancellor Ave in Irvington has been sold for a total price of $4,200,000. The property consists of 33 units, resulting in a price per unit of $127,273. With a total square footage of 25,750, the price per square foot is calculated to be $163.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Units: 33
- Price per Unit: $127,273
- Square Footage: 25,750
- Price per Square Foot: $163
Jed Matricaria from Marcus & Millichap represented the seller in this transaction.
Irvington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93